The global tonic water market is anticipated to grow with a CAGR of 8.4% over the forecast period, i.e., 2022 - 2031. Factors such as the increasing awareness amongst consumers regarding the numerous benefits associated with the consumption of tonic water, along with the growing consumption of gin and vodka, and the surge in the number of distilleries are anticipated to contribute to the market growth in the coming years. Additionally, growing demand for different types of packaged beverages is also projected to boost the market growth during the forecast period. The market is estimated to garner a volume of near to 1030 Million Liters by the end of 2031, up from a volume of more than 460 Million Liters in the year 2021.
The global tonic water market is segmented into numerous segments, which include segmentation by type, distribution channel, and by region. By distribution channel, the market is segmented into online, and offline stores. The offline stores segment, by the end of 2031, is projected to garner the highest market share and also the largest revenue. Additionally, the market is also segmented by type into flavored, and non-flavored tonic water. Amongst these, the flavored tonic water segment is projected to grow with the highest CAGR of about 10% during the forecast period.
By region, the global tonic water market is segmented into Europe, Middle East & Africa (EMEA), Asia Pacific, United States, South America, and the Rest of the World. The market in the EMEA region, out of the market in all the other regions, is projected to attain the largest volume of about 440 Million Liters by the end of 2031. Additionally, in the year 2021, the market in the region generated a volume of close to 200 Million Liters.
Some of the prominent industry leaders in the global tonic water market that are included in our report are Fevertree Limited, Keurig Dr Pepper, Inc., Fresh & Wild Limited (Whole Foods Market), White Rock Products Corporation, Fentimans Ltd, EAST IMPERIAL BEVERAGES CORPORATION, Luscombe Drinks Limited, Q Tonic, LLC, Franklin & Sons Ltd, and others.
The global tonic water market is segmented into numerous segments, which include segmentation by type, distribution channel, and by region. By distribution channel, the market is segmented into online, and offline stores. The offline stores segment, by the end of 2031, is projected to garner the highest market share and also the largest revenue. Additionally, the market is also segmented by type into flavored, and non-flavored tonic water. Amongst these, the flavored tonic water segment is projected to grow with the highest CAGR of about 10% during the forecast period.
By region, the global tonic water market is segmented into Europe, Middle East & Africa (EMEA), Asia Pacific, United States, South America, and the Rest of the World. The market in the EMEA region, out of the market in all the other regions, is projected to attain the largest volume of about 440 Million Liters by the end of 2031. Additionally, in the year 2021, the market in the region generated a volume of close to 200 Million Liters.
Some of the prominent industry leaders in the global tonic water market that are included in our report are Fevertree Limited, Keurig Dr Pepper, Inc., Fresh & Wild Limited (Whole Foods Market), White Rock Products Corporation, Fentimans Ltd, EAST IMPERIAL BEVERAGES CORPORATION, Luscombe Drinks Limited, Q Tonic, LLC, Franklin & Sons Ltd, and others.
Table of Contents
1. Market Definition
3. Research Methodology
5. Market Dynamics
10. Competitive Landscape
11. Global Tonic Water Market
Companies Mentioned
- Fevertree Limited
- Keurig Dr Pepper Inc.
- Fresh & Wild Limited (Whole Foods Market)
- White Rock Products Corporation
- Fentimans Ltd
- EAST IMPERIAL BEVERAGES CORPORATION
- Luscombe Drinks Limited
- Q Tonic LLC
- Franklin & Sons Ltd
